Thursday, November 24, 2011

France: country by country reporting for banks?

We have already written two articles drawing heavily on Christian Chavagneux' informative piece in Alternative Économiques about the press conference by the Valérie Pécresse, French Budget Minister, yesterday. Now here's another encouraging snippet from the Minister, in response to a question from Chavagneux:
The introduction of country by country reporting for banks is an avenue that we could consider.
Now that would shine a whole lot of light into some very dark places. As Chavagneux notes:
"This will make a lot of non-governmental organisations fighting against tax havens happy. This should be pursued with Valérie Pécresse."
Indeed. And in other countries too. For information in French on the activities of European banks in tax havens, click here.


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